As the Structures of S&L Balance Sheets and the Consequent

Multiple Choice

As the structures of S&L balance sheets and the consequent maturity mismatch led to widespread disaster, the Garn-St. Germain Act of 1982 expanded the types of assets in which S&Ls could invest. The acceptable list of investments now includes ________.

A) consumer loans .
B) nonconsumer loans.
C) municipal securities.
D) All of these